Steel News

AK Steel Reports Final Results of Cash Tender Offer, Consent Solicitation

25 May 2010 - AK Steel announced that $321.3 million in aggregate principal amount of the 7 3/4% Senior Notes due 2012 were validly tendered prior to expiration of the company’s cash tender offer and consent solicitation on May 21, 2010.

Olympic Steel Recognized for Safety Excellence

24 May 2010 - Olympic Steel, Inc. has been recognized for its adherence to excellence in safety by the Fabricators & Manufacturers Associations, International. Its facilities in Cleveland, Chicago, and Detroit received Safety Awards of Honor for perfect safety records with no recordable injuries or illnesses for the reporting period.

Cliffs Appoints New Senior Vice President—President of Ferroalloys

24 May 2010 - Cliffs Natural Resources has appointed William C. Boor, former Senior Vice President—Business Development, to the newly created position of Senior Vice President—President, Ferroalloys, effective immediately.

Esmark Completes Acquisition of Five Midwest Service Centers

21 May 2010 - Esmark Steel Group completes its acquisition of five steel service centers in Illinois and Ohio from OAO Severstal.

Commercial Metals Issues Third Quarter Guidance

19 May 2010 - Commercial Metals is estimating that third-quarter results will range from breakeven to a $0.10 per share loss, up from a loss of $1.53 per share in the previous quarter.

Agreement Reached with Allegheny Ludlum on Clean Air Violations

18 May 2010 - The U.S. EPA, Allegheny County Health Department, and U.S. Department of Justice have reached a settlement agreement with Allegheny Ludlum Corp. for alleged Clean Air Act violations at its Natrona silicon steel production plant in Allegheny County, Pa.

Gerdau Ameristeel Announces Departure of Chief Operating Officer

17 May 2010 - Gerdau Ameristeel announces that Vice President and Chief Operating OfficerTerry K. Sutter will be leaving the company for personal reasons, effective May 21, 2010.

ALJ Announces 2nd Quarter Earnings

17 May 2010 - ALJ, the parent company of Kentucky Electric, reported net income of $725,759 on net sales of $49.49 million for the six months ended March 31, 2010.

AISI CEO Comments on GHG Regulation

17 May 2010 - American Iron and Steel Institute President and CEO Thomas J. Gibson believes that the Tailoring Rule issued by the Environmental Protection Agency does not solve the fundamental problems associated with regulating greenhouse gases (GHGs) under the Clean Air Act.

Steel Dynamics to Collaborate with Modumetal on Coating Technology

13 May 2010 - Steel Dynamics signs agreement with Seattle-based Modumetal for the application and continued development of Modumetal’s ModuGalv™ coating technology for both long and sheet steel applications.

Arvedi Grants Acceptance to Siemens for Endless Strip Line

12 May 2010 - Acciaieria Arvedi SpA has issued the Final Acceptance Certificate to Siemens VAI for its new Arvedi ESP line in Cremona, which has successfully cast 80-mm thin strands at speeds in excess of six meters per minute and endlessly rolled hot strip down to a thickness of 0.8 mm.

U.S. Industrial Sector Reduces GHG Emissions

11 May 2010 - The American Materials Manufacturing Alliance reports that between 1990 and 2008, industrial was the only sector of the U.S. economy in which greenhouse gas emissions fell.

OSHA Proposes Fines against Tonawanda Coke for Serious Violations

10 May 2010 - The U.S. Department of Labor's Occupational Safety and Health Administration has proposed a total of $48,500 in fines against Tonawanda Coke Corp. for 14 alleged serious violations of workplace health and safety standards at the company's River Road plant in Tonawanda, N.Y.

AISI Names Winner of its Highest Honor

10 May 2010 - The American Iron and Steel Institute names James L. Wainscott the 2010 recipient of the Gary Memorial Medal, which recognizes an individual for remarkable lifelong contributions to the North American steel industry. Wainscott is AK Steel Corp.'s Chairman, President and CEO.

Gerdau Ameristeel Reports 1st Quarter Profit

07 May 2010 - Gerdau Ameristeel Corp. reported net income of $25.2 million on net sales of $1.1 billion for the three months ended March 31, 2010.

Talley Metals to Raise Prices on Stainless Products

06 May 2010 - Talley Metals Technology is increasing base prices by an average of 5% on all stainless steel products, effective for orders placed on or after June 1, 2010.

Nucor CEO Elected as New AISI Chairman

06 May 2010 - The Board of Directors of the American Iron and Steel Institute has elected Daniel R. DiMicco, Chairman, President, and CEO of Nucor Corp., to serve as Chairman of the Institute until May 2011. He succeeds James L. Wainscott, Chairman, President, and CEO of AK Steel Corp.

AK Steel Employees Set World Casting Record

06 May 2010 - AK Steel employees at Middletown have set a world record for consecutive heats of carbon steel continuously cast on either a single- or double-strand caster.  Crews cast 474,131 tons of carbon steel slabs in 2156 consecutive heats over a 59-day sequence.

AK Steel, Carpenter Announce Price Increases

04 May 2010 - AK Steel announces increases of 6 to 9% on base prices for all 200, 300 and 400 series flat rolled stainless steel products, while Carpenter announces an average 5% increase in base prices for all specialty stainless, high temperature and electronic alloys in all product forms.

AK Steel Announces June Surcharges

04 May 2010 - AK Steel says it will add a $435 per ton surcharge to invoices for electrical steel products shipped in June 2010.